A SayEducate.com article recently suggested given that the current state of the economy will mostly likely worsen, homeowners should think about opening up a home equity line of credit.  The suggestion includes the following arguments: 1. If you are currently employed, a home equity line of credit will be more easily secured versus when you are out of work.  And if […]

Now more than ever the idea of an emergency cash fund is critical.  Many personal finance gurus recommend that individuals and/or families put aside at least 3 months of living expenses in a conservative vehicle (such as a CD, money market fund, or traditional savings account).   Living expenses include: mortgage, taxes, utilities, food, gas, and car payments.   An emergency […]

Becoming financially independent is about setting goals and staying on track in order to achieve those goals.  In my view, most Americans are in poor financial shape (i.e., living on credit, spending more than they earn,  not saving enough or at all, etc.) because they have not set financial goals, partly due to not knowing how to do so (that’s my […]